US and China hail 'progress' at trade war truce talks

16/02/2019|1min

The US and China are to hold further trade war peace talks in Washington next week after both sides hailed 'progress'.
A week of negotiations in China's capital, which latterly included a banquet for US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, were aimed at securing enough progress to avert an escalation.
US tariffs on $200bn worth of Chinese imports are due to rise to 25 per cent from 10 per cent by 1 March without sufficient progress.
The US is demanding China curb forced technology transfers and better enforce intellectual property rights.